20th May 2024

  • BlackRock’s Rieder Says Cut, Not Hike, to Tame US Inflation (1)

Goods disinflation is pushing activity into services: Rieder

Still, ‘worst fears were allayed’ with release of April CPI

https://blinks.bloomberg.com/news/stories/SDMSA8T0G1KW

  • ‘Anything But Bonds’ Trade Nears End at Big Funds: Credit Weekly

Largest 20 fund managers increased duration in past two months

Risk-on returns as markets price in two rate cuts this year

https://blinks.bloomberg.com/news/stories/SDL0ZKT0AFB4

  • El-Erian Says Fed’s Higher-for-Longer U-Turn at Odds With Market

Fed’s 2% inflation target is ‘totally arbitrary’: El-Erian

Real economy, not inflation, will force Fed to pivot, he says

https://blinks.bloomberg.com/news/stories/SDMPJ3T1UM0W

  • Biden Courts Black Voters in Georgia With Reminder of 2020 Win

Morehouse College commencement is focus of intensified push

President also plans Detroit visit as polling shows slippage

https://blinks.bloomberg.com/news/stories/SDPAD5DWLU68

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